StatoilHydro Scores More Leases in GOM



StatoilHydro was the high bidder on 16 leases in the central area lease sale in the US Gulf of Mexico (GoM) announced March 19.

"These leases will add to our already extensive deepwater portfolio," says Oivind Reinertsen, head of StatoilHydro's North American business.

"The next milestone will be the start-up of our self-operated drilling program and we are preparing for intensive drilling activity in the years to come," he adds.

Through farm-ins, acquisitions and lease sales StatoilHydro has become one of the largest lease holders in deepwater Gulf of Mexico.

The company participates in 15 interesting discoveries including Julia, Jack, Caesar, Tonga and St. Malo and in two developments, Tahiti and Thunder Hawk, both due to come on stream next year.

Lease Sale 206 is part of the current schedule of Minerals Management Service (MMS) in New Orleans.

StatoilHydro's winning bids are subject to review and final approval by the MMS which can take up to 90 days.


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